ConnectOne Bancorp (CNOB) Set to Announce Earnings on Thursday

ConnectOne Bancorp (NASDAQ:CNOB) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect ConnectOne Bancorp to post earnings of $0.42 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

ConnectOne Bancorp (NASDAQ:CNOB) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. ConnectOne Bancorp had a return on equity of 8.14% and a net margin of 17.26%. The firm had revenue of $66.03 million for the quarter, compared to analysts’ expectations of $65.50 million. On average, analysts expect ConnectOne Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ConnectOne Bancorp Stock Up 1.3 %

CNOB stock opened at $18.88 on Tuesday. ConnectOne Bancorp has a twelve month low of $13.11 and a twelve month high of $24.44. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a market cap of $723.67 million, a P/E ratio of 9.12 and a beta of 1.25. The business’s 50-day moving average price is $19.26 and its 200-day moving average price is $20.06.

ConnectOne Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.60%. ConnectOne Bancorp’s payout ratio is currently 32.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Piper Sandler lifted their price objective on ConnectOne Bancorp from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods lifted their price objective on ConnectOne Bancorp from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Raymond James boosted their price target on ConnectOne Bancorp from $26.00 to $28.00 and gave the stock a “strong-buy” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $25.25.

About ConnectOne Bancorp

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking.